Cardano (ADA/USD) Weekly Chart Analysis - Week 29, 2025

Cardano (ADA/USD) Weekly Chart Analysis - Week 29, 2025

  • Jul 20, 2025
  • Sigbal by Sigbal
  • Crypto

The chart you've provided for ADA/USDT (Cardano) on the 1D timeframe (Binance) reveals some key technical analysis elements. Here's a breakdown of the chart and likely next moves:


 

🔍 Chart Observations:

 

  1. Current Price:
    ADA is trading at $0.8681, showing a strong daily gain of +4.62%.

  2. Volume Profile POC (Point of Control):

    • Marked at 0.7177 (blue box).

    • This is a major support/resistance zone with high traded volume.

  3. Trendlines & Resistance:

    • Price has broken above the descending trendline from April highs.

    • Next visible resistance levels:

      • 0.90 - 0.93 (short-term supply zone)

      • 1.00 - 1.10 (psychological + chart-based resistance)

  4. Elliott Wave Count:

    • Suggests a completed correction and current impulsive wave (likely Wave 3 or 5) in progress.

    • Green wave count hints at a bullish sequence, with momentum building.

  5. TD Sequential Indicator:

    • Multiple setups in red and green visible; recent green count reaching 9 suggests a potential exhaustion, but this can extend in strong trends.

  6. Support Levels:

    • 0.7189 (red line): previous resistance, now acting as support.

    • 0.6938 / 0.6854 / 0.6785: minor horizontal supports (blue/orange levels).

    • POC (0.7177) also adds confluence.

  7. Arrow Projection:

    • Indicates bullish target toward $1.10, which aligns with the upper consolidation range from Feb/March 2025.


 

📈 Bullish Case (Next Week):

 

  • If momentum sustains above 0.86, ADA could target:

    • 0.90 → minor resistance

    • 0.95 - 1.00 → psychological level

    • 1.10 → extended target from previous highs and arrow projection

🔻 Bearish Risk:

  • Immediate risk if price breaks down below:

    • 0.80, followed by POC at 0.7177

    • Below that, next demand zone is 0.68 - 0.69


 

📊 Summary Outlook (Week 30 Forecast):

 

DirectionProbabilityKey LevelsNotes
BullishHigh0.90 → 0.95 → 1.10Strong breakout, Elliott Wave + volume support
NeutralModerate0.86 → 0.80Possible sideways pullback
BearishLow< 0.7180Rejection + high volume reversal
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